Miller Samuel

FEBRUARY 12, 2019

In ’09, Miller said sellers were anchored to the “pre-Lehman, pre-financial crisis asking prices” and had to travel farther on price to meet a buyer. Miller measures listing discount by the percent difference between the contract price and the price that the property was listed for sale at the time of contract – not when it was first listed).

Marketing 221

Marketing Real Estate Appraisal Sellers 221

Housing Wire

JULY 12, 2022

Starting in July, the government-sponsored enterprise will allow remote inspections on some refinance loans it buys. The seller accepts it; they go into contract. After all, it wasn’t so long ago appraisers received assignments via fax machine. An agent does a floorplan scan when they make a listing. An offer comes in at 5 p.m.

Appraisal 405

Appraisal Inspection Real Estate Agent Training 405

Zillow

JULY 15, 2019

Cash-value policy : A homeowners insurance policy that pays the replacement cost of a home, minus depreciation, should damage occur. Closing : A one- to two-hour meeting during which ownership of a home is transferred from seller to buyer. A closing is usually attended by the buyer, the seller, both real estate agents and the lender.

Real Estate Agent 56

Real Estate Agent Insurance Inspection Buyers 56

Genworth MI Blog

AUGUST 31, 2022

Foster: With COVID-19, the government-sponsored enterprises (GSEs) enacted temporary allowances for flexibilities in appraisals and inspections. Similarly, buyers began waiving inspection contract contingencies, which give the buyer options for negotiating remedies or price with the seller if the inspection reveals major issues.

Inspection 78

Inspection Appraisal Marketing Appraisal Process 78

PennyMac

MARCH 4, 2024

Starting the Loan Certification Process When choosing a lender, look for one that offers a written letter or certification you can provide to sellers to let them know you are qualified. When you work with a lender that provides this, you’re doing much of the legwork involved in obtaining a mortgage contract without actually finalizing it.

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Loan Officers Insurance Mortgage Sellers 65

Realtor

APRIL 14, 2021

Some sellers are even receiving dozens of all-cash offers. This demonstrates to the seller that you want the home and are able to pay top dollar to get it. “In In this market, we are seeing a lot of appraisal gaps being written into contracts. Buyers all over the country are facing bidding wars after making an offer.

Mortgage 78

Mortgage Real Estate Agent Buyers Real Estate 78

PennyMac

JUNE 28, 2022

Throughout the process of buying a home, many professionals have contributed important services, and both buyers and sellers will need to pay fees for that before the property can be officially sold. Closing costs can apply to both the buyer and seller. Down payments of 10–24.99%—sellers can contribute 6% of closing costs.

Insurance 36

Insurance Property Taxes Sellers Inspection 36

Hank Miller Team

JULY 12, 2023

During the pandemic, the government bought mortgage backed securities and artificially maintained those historically low interest rates. However, personal spending remains high and debt is piling up a record levels; the average car payment is pushing $750/mo before insurance, and that's for a 72 mo loan. Those numbers are rising again.

Housing Market 40

Housing Market Marketing Buyers Sellers 40

Housing Wire

FEBRUARY 7, 2024

1, 2023, the jointly development Uniform Property Dataset (UPD) for the government-sponsored enterprises (GSEs) became active and included a data standard for condos, according to the Selling Guide. Lenders must be in compliance with these property insurance updates for all loans with application dates on or after June 1, 2024.

Retail 388

Retail Project Management Insurance Landlords 388

Appraisal Today

JULY 1, 2022

E&O Insurance Update 2022 – Claims, State Boards, Discrimination, etc. 2022 E&O Insurance – Where to Get Insurance, What to look for in a policy, etc. 2022 E&O Insurance Brokers. 2022 E&O Insurance – Where to Get Insurance, What to look for in a policy, etc. June 28, 2022.

Appraisal 52

Appraisal Contracts Insurance Real Estate 52

Housing Wire

MARCH 7, 2022

Absolutely, I will offer an NFT option to sellers within the next year,” said Richard Hopen, a Compass agent in Short Hills, New Jersey. The Gulfport seller, Heckler explained, created a limited liability company that held ownership of the home. Propy then guided the seller into minting the LLC as an NFT.

Real Estate 466

Real Estate Law Inspection Agents 466

Appraisal Today

JUNE 23, 2023

A home valued too low can deprive homeowners of access to their equity and limit the mobility of sellers. The models aren’t able to think like buyers and sellers. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) decreased to 6.73 The problem? percent from 6.77

Appraisal 86

Appraisal Real Estate Valuation Contracts 86

Housing Wire

MARCH 14, 2022

As the principal broker for a RE/MAX franchise in coastal Cannon Beach, Oregon, Alaina Giguiere’s typical responsibilities include marketing homes for sellers, touring homes with buyers, generating new business leads, managing client relationships, and drafting and reviewing contracts with buyers and sellers.

Real Estate 402

Real Estate Insurance Law Real Estate Agent 402

Town & Country Residential Appraisals

JANUARY 24, 2020

That’s a step towards mortgage insurance fraud and a lost license. They always come in at exactly the contract price. If agents have done their job, then the contract price should be close to the market value. We know that this is frustrating, however, it is the rule that governs the profession.

Appraisal 36

Appraisal Market Value Contracts Clients 36

Quicken Loans

JANUARY 11, 2022

In other words, if you’re eligible to receive one of these government-backed loans, you’ll enjoy access to a plethora of helpful benefits such as lower monthly payments and the opportunity to avoid mortgage insurance. As sellers take offers from potential home buyers with preapprovals in-hand more seriously.). VA Loan Limits.

Insurance 44

Insurance Finance Design Mortgage 44

Realtor

NOVEMBER 1, 2023

It also shows home sellers and listing agents that you’re a strong home-buying candidate. Getting under contract Signing a contract to purchase a home comes next. VA appraisal Once a veteran is under contract, their lending team will order an appraisal, which is conducted by an independent VA appraiser.

Real Estate Agent 127

Real Estate Agent Contracts Finance Real Estate 127

Appraisal Buzz

JUNE 20, 2022

The uncertainty, turmoil, and government interest in oversight and intervention caused by allegations of racial and ethnic bias in real property appraisal is cause for concern. Borrowers, sellers, and real estate agents are seeking to lay blame for failed real estate transactions and often target the appraiser as the villain.

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Appraisal Modernization Property Appraisal Real Property 417

Houston Properties

JANUARY 13, 2021

SUMMARY: Coming off a record year, the Houston real estate market started 2021 in a seller’s market. COVID-19 and subsequent government actions have dumped gasoline on wealth inequality in ways that we don’t fully understand yet. Avoid 9 Costly Mistakes Sellers Make. Do You Want To Buy A Home Now? Need To Sell?

Housing Market 68

Housing Market Marketing Real Estate Realtors 68

The Robert Weiler Company

OCTOBER 21, 2022

If you’re reading this article, you will likely need a commercial real estate appraisal for property being sold, mortgaged, taxed, insured, or developed. Market value is the most likely selling price a knowledgeable buyer would pay to a knowledgeable seller. You may need a commercial valuation for many reasons.

Real Estate 60

Real Estate Appraisal Property Appraisal Valuation 60

Raleigh Realty

MAY 3, 2021

The challenges of buying a home as a recent college graduate are similar to that of buying a home as a government employee. Conventional loans are insured by private lenders. The catch is that you will need to pay private mortgage insurance if you put down less than 20. Unconventional loans are insured by the federal government.

Real Estate Agent 78

Real Estate Agent Real Estate Insurance Inspection 78

Realtor

OCTOBER 29, 2020

You have a specified time period, as stated in the sales contract, during which you have to obtain a loan that will cover the mortgage. As part of the closing process, your mortgage lender will require a title search, and you’ll need to purchase title insurance to protect you from legal claims to the house. Clear the title.

Buyers 208

Buyers Inspection Contracts Real Estate Agent 208

Quicken Loans

APRIL 12, 2021

Or, if there is an escrow shortage due to a rise in property taxes or insurance premiums, the escrow payment will increase. And since property taxes and homeowners insurance are typically paid through the monthly mortgage payment, the monthly payment will rise as well. Government mortgage relief programs.

Inspection 54

Inspection Property Taxes Mortgage Investors 54

Appraisal Today

FEBRUARY 9, 2024

An Inside Look at E&O By Peter Christensen Excerpts: There is no law requiring that real estate appraisers must have professional liability insurance – or E&O insurance as it is often called – except in one state. Common fears are that their insurer will increase their premium or decline to renew their policy.

Appraisal 80

Appraisal Contracts Insurance Construction 80

Appraisal Today

AUGUST 13, 2023

Here’s another thought for you to ponder: HUD, a governmental agency, is attacking appraisers who do their work per the guidelines established by two “quasi-governmental entities”, the two GSE’s, and two other government agencies, HUD/FHA, plus the VA. Dear Sellers, the housing market misses you It’s tough to value properties today!

Appraisal 75

Appraisal Contracts Real Estate Agent Mortgage 75

Will Springer Realtor

APRIL 10, 2024

Recent news that the National Association of Realtors® (NAR) wishes to settle a series of lawsuits from home sellers has sent ripples through the real estate industry. Allegations of collusion to inflate compensation paid to both buyer and seller agents in transactions prompted this landmark settlement, estimated at a staggering $418M.

Real Estate 36

Real Estate Buyers Sellers Insurance 36

PennyMac

JANUARY 3, 2024

With a VA loan, there are: No down payment on home purchase loans* Lower closing cost limits Lower interest rates Relaxed credit requirements No monthly mortgage insurance premiums Already have a VA loan for your first home? This is great for you as a buyer but not as a seller. Coordinating this can be tricky, however. Visit the U.S.

Real Estate Agent 36

Real Estate Agent Buyers Real Estate Mortgage 36

Realtor

OCTOBER 29, 2020

You have a specified time period, as stated in the sales contract, during which you have to obtain a loan that will cover the mortgage. As part of the closing process, your mortgage lender will require a title search, and you’ll need to purchase title insurance to protect you from legal claims to the house. Clear the title.

Buyers 78

Buyers Inspection Contracts Real Estate Agent 78

Housing Wire

APRIL 27, 2023

But the caveat, of course, is that all bets are off if there’s a more meaningful contraction in lending [in the wake of recent bank failures and other economic factors] because then you’re in serious trouble,” Petrosinelli added.

Renovations 287

Renovations Investing Real Estate Marketing 287

Will Springer Realtor

DECEMBER 19, 2023

Buyers and sellers tiptoed through caution. Prospective buyers and sellers watched this one out from the sidelines, leading to King County sales activity hitting lows not seen since 2010 at the heart of the housing crises. “Pent-up sellers cannot wait any longer. Um, bye-bye! in King County. for all of 2024.

Real Estate 68

Real Estate Buyers Sellers Inventory 68

PennyMac

JANUARY 3, 2024

VA loans are government-backed loans that offer veterans and service members more flexible borrower criteria than conventional loans. At this time, you’ll get the final details of your loan terms and required closing costs, which are the extra fees buyers and sellers pay to close on a real estate transaction beyond the home’s purchase price.

Insurance 36

Insurance Real Estate Agent Finance Renovations 36

The Robert Weiler Company

SEPTEMBER 7, 2022

Low inventory and high demand are the signatures of a seller’s market. Consider this: Central Ohio homes under contract in June 2021 proved to be the best for the month and a record high for any month, ever! taxes, insurance) while making a profit. Offer a Land Contract: What is a land contract?

Marketing 78

Marketing Real Estate Investing Retail 78

Will Springer Realtor

APRIL 6, 2021

As for a project where the developer is selling new-construction units, Fannie will only back mortgages if at least 50% of the homes have been conveyed (under contract) to principal residences or a limited number of second-home purchasers. As you can see, there are layers of scrutiny when seeking financing on a condo purchase.

HOA 36

HOA Mortgage Buyers Insurance 36

Will Springer Realtor

JULY 13, 2023

Local government, developers, architects and others will need to step up and take responsibility for the sake of our city. Developers are also facing the constraints of local government and their constituents. Another sale followed 11 days later and six others are under contract preparing to close. baths , 1820 sq.

Construction 36

Construction Supply Chain Real Estate Development 36

Will Springer Realtor

AUGUST 9, 2022

Many local governments permit at least one dwelling unit with the main residence and some locales accept an attached and detached unit on the same property. The cities of Seattle and Renton offer pre-approved ADU designs to help streamline the government-approval process which can often be onerous. I have written on this topic before.

Inventory 36

Inventory Buyers New Listings Construction 36

Will Springer Realtor

FEBRUARY 9, 2022

Plus, there are plans from the government agency that backs most mortgages to increase fees (known as Loan Level Pricing Adjustments) to certain applicants, including second-home properties, high-balance loans and cash-out refinances. market in the last decade, reported FilterBuy.com. The company, using data from the U.S.

Buyers 36

Buyers Law Inventory Development 36

Will Springer Realtor

MAY 12, 2021

An insurance company offered a good example of just how bad it has gotten. For example, House lawmakers added a provision late in the drafting process that allows local governments to indefinitely retain owner-occupancy requirements on properties with an ADU if the municipalities hold two public meetings and demonstrate a need.

Real Estate 36

Real Estate Inventory Buyers Construction 36

Appraisal Today

JULY 22, 2022

Making admission of fault or liability could also serve to jeopardize your insurance coverage. Buyers take power from sellers. Excerpt:1) More buyers are getting info contract below list. It’s been rare to get into contract below the asking price, but we’re finally starting to see that change. It’s their turn.

Appraisal 52

Appraisal Contracts Buyers Design 52